Arctic Blue Beverages AB (OSTO:ARCTIC) Days Payable : 332.04 (As of Mar. 2024)

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What is Arctic Blue Beverages AB Days Payable?

Arctic Blue Beverages AB's average Accounts Payable for the three months ended in Mar. 2024 was kr2.71 Mil. Arctic Blue Beverages AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.75 Mil. Hence, Arctic Blue Beverages AB's Days Payable for the three months ended in Mar. 2024 was 332.04.

The historical rank and industry rank for Arctic Blue Beverages AB's Days Payable or its related term are showing as below:

OSTO:ARCTIC' s Days Payable Range Over the Past 10 Years
Min: 88.44 Med: 263.4 Max: 689.05
Current: 190.64

During the past 4 years, Arctic Blue Beverages AB's highest Days Payable was 689.05. The lowest was 88.44. And the median was 263.40.

OSTO:ARCTIC's Days Payable is ranked better than
84.39% of 205 companies
in the Beverages - Alcoholic industry
Industry Median: 81.14 vs OSTO:ARCTIC: 190.64

Arctic Blue Beverages AB's Days Payable increased from Mar. 2023 (100.52) to Mar. 2024 (332.04). It may suggest that Arctic Blue Beverages AB delayed paying its suppliers.

Arctic Blue Beverages AB Days Payable Historical Data

The historical data trend for Arctic Blue Beverages AB's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Arctic Blue Beverages AB Days Payable Chart

Arctic Blue Beverages AB Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

689.05

410.87

88.44

115.93

Arctic Blue Beverages AB Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									100.52	98.55	121.40	133.74	332.04

Competitive Comparison of Arctic Blue Beverages AB's Days Payable

For the Beverages - Wineries & Distilleries subindustry, Arctic Blue Beverages AB's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Arctic Blue Beverages AB's Days Payable Distribution in the Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, Arctic Blue Beverages AB's Days Payable distribution charts can be found below:

* The bar in red indicates where Arctic Blue Beverages AB's Days Payable falls into.

Arctic Blue Beverages AB Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Arctic Blue Beverages AB's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (2.206	+	0.974)	/	2 )	/	5.006	*	365
=	1.59					/	5.006	*	365
=	115.93

Arctic Blue Beverages AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.974	+	4.455)	/	2 )	/	0.746	*	365 / 4
=	2.7145					/	0.746	*	365 / 4
=	332.04

Arctic Blue Beverages AB Days Payable Related Terms

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Arctic Blue Beverages AB (OSTO:ARCTIC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Arctic Blue Beverages AB (OSTO:ARCTIC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Aleksanterinkatu 19, Helsinki, FIN, 00100

Website

https://www.arcticbluebeverages.com

Arctic Blue Beverages AB is a beverage company whose products are Arctic Blue Gin, Arctic Blue Gin Navy Strength, Milk-free gin-based oat liqueur, and Arctic Blue Oat. The company invests heavily in international exports and its products are sold in Finland, Sweden, Japan, Australia, and more than a dozen other countries.

Arctic Blue Beverages AB (OSTO:ARCTIC) Headlines

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